Birch Hill Investment Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 571,630 shares of the e-commerce giant’s stock after selling 6,781 shares during the period. Amazon.com makes up about 4.3% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 5th biggest position. Birch Hill Investment Advisors LLC’s holdings in Amazon.com were worth $74,518,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. State Street Corp grew its stake in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after buying an additional 116,383,502 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com in the 4th quarter valued at $8,263,591,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Amazon.com Price Performance
NASDAQ AMZN opened at $129.79 on Friday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The stock has a market cap of $1.34 trillion, a price-to-earnings ratio of 102.20, a PEG ratio of 1.70 and a beta of 1.24. The company’s 50 day moving average is $134.44 and its two-hundred day moving average is $123.80. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Roth Mkm upped their price objective on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 4th. UBS Group upped their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Amazon.com in a research note on Wednesday. Benchmark upped their price objective on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Stifel Nicolaus increased their price target on shares of Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.94.
View Our Latest Report on Amazon.com
Insider Activity
In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $129.48, for a total value of $64,740.00. Following the sale, the chief executive officer now owns 149,780 shares in the company, valued at $19,393,514.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,645 shares of company stock worth $55,207,763 over the last quarter. Insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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